Fission Uranium Corp Stock Market Value
| FCU Stock | CAD 0.88 0.02 2.33% |
| Symbol | Fission |
Fission Uranium Corp Price To Book Ratio
Fission Uranium 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Fission Uranium's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Fission Uranium.
| 10/29/2023 |
| 11/22/2024 |
If you would invest 0.00 in Fission Uranium on October 29, 2023 and sell it all today you would earn a total of 0.00 from holding Fission Uranium Corp or generate 0.0% return on investment in Fission Uranium over 390 days. Fission Uranium is related to or competes with Denison Mines, NexGen Energy, Energy Fuels, and Global Atomic. Fission Uranium Corp. engages in the acquisition, exploration, and development of uranium resource properties in Canada More
Fission Uranium Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Fission Uranium's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Fission Uranium Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 30.71 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 8.33 |
Fission Uranium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fission Uranium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fission Uranium's standard deviation. In reality, there are many statistical measures that can use Fission Uranium historical prices to predict the future Fission Uranium's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.73) | |||
| Treynor Ratio | (0.19) |
Fission Uranium Corp Backtested Returns
Fission Uranium Corp secures Sharpe Ratio (or Efficiency) of -0.0052, which denotes the company had a -0.0052% return per unit of risk over the last 3 months. Fission Uranium Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fission Uranium's Mean Deviation of 3.31, variance of 24.44, and Standard Deviation of 4.94 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.42, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fission Uranium's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fission Uranium is expected to be smaller as well. At this point, Fission Uranium Corp has a negative expected return of -0.0259%. Please make sure to confirm Fission Uranium's skewness, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Fission Uranium Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Fission Uranium Corp has insignificant reverse predictability. Overlapping area represents the amount of predictability between Fission Uranium time series from 29th of October 2023 to 11th of May 2024 and 11th of May 2024 to 22nd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Fission Uranium Corp price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Fission Uranium price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Fission Uranium Corp lagged returns against current returns
Autocorrelation, which is Fission Uranium stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Fission Uranium's stock expected returns. We can calculate the autocorrelation of Fission Uranium returns to help us make a trade decision. For example, suppose you find that Fission Uranium has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Fission Uranium regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Fission Uranium stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fission Uranium stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fission Uranium stock over time.
Current vs Lagged Prices |
| Timeline |
Fission Uranium Lagged Returns
When evaluating Fission Uranium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fission Uranium stock have on its future price. Fission Uranium autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Fission Uranium autocorrelation shows the relationship between Fission Uranium stock current value and its past values and can show if there is a momentum factor associated with investing in Fission Uranium Corp.
Regressed Prices |
| Timeline |
Pair Trading with Fission Uranium
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Fission Uranium position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Fission Uranium will appreciate offsetting losses from the drop in the long position's value.Moving against Fission Stock
The ability to find closely correlated positions to Fission Uranium could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fission Uranium when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Fission Uranium - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Fission Uranium Corp to buy it.
The correlation of Fission Uranium is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fission Uranium moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fission Uranium Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Fission Uranium can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Fission Stock
Fission Uranium financial ratios help investors to determine whether Fission Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Fission with respect to the benefits of owning Fission Uranium security.